24322620D0005 - POSTAGE FUNDING FOR MULTIPLE PITNEY BOWES MAIL MET... | Federal Compass

24322620D0005 - POSTAGE FUNDING FOR MULTIPLE PITNEY BOWES MAIL MET...

Federal Contract Award Search » IDC Award

This IDC contract for Package Delivery & Packaging > Transportation and Logistics Services, Office Products & Services, Business Admin Services was awarded in FY2020 on June 12, 2020 to PITNEY BOWES BANK, INC., THE by OPM Office of Procurement Operations. There have been $2.8M in obligations to date with a ceiling value of $7.5M, showing a 38% burn rate so far on the contract. The contract was not competed under any preference program with 1 offer received. We expect a 4 year duration with ultimate completion date of June 16, 2024.

PITNEY BOWES BANK, INC., THE is a contractor located in UT, doing primarily Package Delivery & Packaging > Transportation and Logistics Services work for Health and Human Services. The company receives $3.7M annually in federal awards (as of FY2020). Also, they have shown success winning No/Limited Bias contracts concentrated mainly on a singular customer focused portfolio.

The Federal Government competes and awards an Indefinite Delivery Contract (IDC) to support requirements where the quantity and time of delivery are unknown. Typically referred to as Indefinite Delivery-Indefinite Quantity (IDIQ) contracts, the Government has the option of awarding a single or multiple award IDIQ. Once awarded, an IDIQ acts as a master agreement between the Federal Government and one or more contractors. On an as-needed basis, Federal buying organizations place orders, commonly referred to as Task Orders against an IDIQ, to purchase goods or services available through the IDIQ.

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Contract Number
24322620D0005
Obligations to Date
$2.8M
Ceiling Value
$7.5M
Award Date
06/12/2020
Contract Type
IDC
Competition Set Aside Type
No set aside used

Buying Agency/Office
Office of Personnel Management » OPM Office of the Director » OPM Office of Procurement Operations


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Task Order History

Task Order No. Contractor Obligations Effective Date
24322620F0229 PITNEY BOWES BANK, INC., THE $0k 09/29/2020
24322620F0227 PITNEY BOWES BANK, INC., THE $0k 09/30/2020
24322621F0327 PITNEY BOWES BANK, INC., THE $10k 09/15/2021
24322621F0352 PITNEY BOWES BANK, INC., THE $700k 09/24/2021
24322622F0156 PITNEY BOWES BANK, INC., THE $300k 08/04/2022
24322622F0198 PITNEY BOWES BANK, INC., THE $10k 09/08/2022
24322622F0237 PITNEY BOWES BANK, INC., THE $70k 09/30/2022
24322623F0080 THE PITNEY BOWES BANK, INC. $420k 04/10/2023
24322623F0095 THE PITNEY BOWES BANK, INC. $300k 05/16/2023
24322623F0158 THE PITNEY BOWES BANK, INC. $15k 08/18/2023
24361823F0020 THE PITNEY BOWES BANK, INC. $700k 09/29/2023
24322623F0240 THE PITNEY BOWES BANK, INC. $300k 09/29/2023

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